PKP announced on July 23 that it had finalised terms with private equity firm CVC Capital Partners for the sale of PKP Energy, which submitted "the best bid at the highest price." The deal has an enterprise value of Zlotys 1.97bn ($US 526.58m) which after adjustment for the company's debt gives a transaction price of Zlotys 1.41bn. The sale guarantees employment for all PKP Energy staff for a minimum of four years and 15% of sales revenues will go into the Workers' Property Fund.
PKP Intercity placed an initial Zlotys 1.32bn order with Pesa in February 2014 for 20 eight-car Dart trains in a deal which includes 15 years' maintenance by the manufacturer. The first trains are now undergoing mainline trials and the fleet is due to enter service in December.
In addition to new trains, PKP Intercity will use capital generated by the sale to modernise stations and expand car parking facilities.